What is Exxaro’s Early Value Coal strategy?
The strategy is a focused response to the changes that coal operators are experiencing and supports our Sustainable Growth and Impact Strategy by:
- Optimising our coal reserves
- Reducing costs to produce coal, moving operations lower on the cost curve
- Providing our coal business with a competitive advantage in our chosen markets
We foresee a continued, thriving operating life for our coal assets in the medium term,
while building a diversified business to position us to effectively respond to climate change challenges and opportunities. We are exploring possibilities to take advantage of our renewable energy business to further reduce our operational cost base and maximise value for our stakeholders.
And what about our Minerals business?
The Minerals division strives to contribute meaningfully to our Sustainable Growth and Impact Strategy through the creation of a core minerals business that will be relevant and sustainable in a low carbon economy. I’m sure that you will share our confidence and excitement in the road that lies ahead.
EXXARO CLAIMS #5 POSITION IN
SUNDAY TIMES TOP 100 COMPANIES
Exxaro’s star just keeps on shining, having claimed the #5 position in the 2021 Sunday Times Top 100 Companies Awards – a big move up from 13th position in 2020 and 37th place in 2019.
The awards, which celebrates the enormous contribution the private sector is making to creating jobs and building a robust economy, acknowledges the top listed companies that have earned the highest returns for their shareholders over the past five years.
When accepting the award, Exxaro’s CEO, Mxolisi Mgojo, dedicated Exxaro’s impressive performance to every single employee. “We are honoured to have moved considerably up the Sunday Times list over the past two years,” said Mgojo. “This recognition is especially meaningful as it is testament to the commitment and efforts of every one of our employees – who have bought into our purpose of ‘Powering Better Lives in Africa and Beyond.”
Mgojo also made special mention of Exxaro’s unwavering commitment to achieving the United Nations Sustainable Development Goals (UNSDG), and how this continues to be integral to Exxaro’s success.
Our teams have shown resilience and commitment to not only respond to the risks and opportunities presented by climate change, but to also make a difference in the lives of our host communities and generate a return for our shareholders,” adds Mgojo.
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Exxaro joins
CEO-led
Exxaro Resources will sit on the newly formed Energy Council of South Africa – a CEO-led, government backed initiative that aims to steer South Africa’s energy transition and provide a unified voice for the energy sector.
Exxaro is one of the founding members of the Energy Council, joining Anglo American Platinum, the Central Energy Fund, Eskom, the Industrial Development Corporation, Sasol, Total, and Naamsa or the Automotive Business Council.
South Africa is fighting an ongoing energy crisis. The mission of the Energy Council is to address this crisis by playing a leadership role in driving stakeholder and policy alignment, while addressing issues in the energy landscape for inclusive economic growth.
What makes the Council so unique is that it’s made up of a broad stakeholder group, including energy suppliers, energy users and a mix of private and public companies. It even welcomes members from the renewable and green hydrogen space. The hope is that this broad-based Council will create a platform for greater coordination and cohesion within this vital sector.
Mxolisi Mgojo
Exxaro | CEO
The Energy Council will focus on four strategic areas, including:
Crafting a common vision for the sector
Collaboratively developing a national energy strategy
Contributing to the development of enabling policies and a supportive environment for the sector
Attracting and ensuring sustainable investment that supports industrialisation, localisation and job creation
A CEO for the Energy Council will be appointed, with the aim to establishing a
body similar to that of the Minerals Council (MCSA).
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